CKI Launching “Super Reward Account” to Give Greater Interest for More Spending

News provided by
Citibank Korea Inc.
Sep. 24, 2012 10:07
SEOUL--(Korea Newswire)--Citibank Korea, Inc. (CEO Ha Yung Ku, www.citibank.co.kr) launches ‘Super Reward Account’ on September 20th to provide card points or better interest depending on the credit card spending amount. If this account is designated as a Citi card settlement account, the customer will receive card points (Citi points) or higher interest for the account balance (maximum KRW 10 million) according to the amount of card purchases.

Customers can choose an interest payment type or a point payment type to receive interest on their account. The point payment type account provides interest rates of up to 6% while interest payment type also offers maximum 5%.

The interest rate bands consist of ‘preferential rate 1’, ‘preferential rate 2’, and ‘super reward rate.’ Customers in the ‘preferential rate 1’ band receive up to annual 3.0% (before tax) regardless of the Citi card settlement amount and those in the ‘preferential rate 2’ band are eligible for maximum 6.0% a year (before tax) depending on the card spending amount. The ‘super reward rate’ is applied to customers over the ‘preferential rate 2’ band and goes up to annual 4.5% (before tax).

As a new product launching event, 5,000 Citi points will be additionally given to customers opening Super Reward Account by the end of December this year. In addition to the high interest rate benefit, Super Reward Account also exempts customers from diverse fees if only one of its five simple conditions for fee waiver is met.

Account opening is available at Citibank Korea branches.

*Maximum 480,000 points per year (If the customer opts for point type and maintains both daily balance of KRW 10 million for a year and Citicard’s settlement amount over KRW 2 million for 12 consecutive months + welcome point 5,000)

Website: http://www.citibank.co.kr

Contact

Shin, Hyeon Jeong
Communication Dept.
Citibank Korea Inc.
+82-2-3455-2330
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